Wednesday, March 31, 2021
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EK: Business outlook has risen slightly – the plight of the service sectors continues – Taloussanomat

The outlook for the business community has improved moderately this month, despite the difficult corona situation, according to confidence indicators published today by the Confederation of Finnish Industries EK.

Industrial companies in particular are more optimistic than before. Their confidence rose five points in March from February. The reading for March was +3, while the figure for February was -2. The confidence indicator is close to the long-term average of +1.

EK’s leading economist Sami Pakarinen says in a press release that, as last spring, the corona situation is now particularly reflected in the service sectors and trade, where sales expectations have started to decline again.

– As a whole, business confidence still rose in March, because in addition to industry, construction is now recovering, he adds.

Confidence in construction companies rose seven points in March from February. The balance of the indicator was -16 points, which is still clearly weaker than the long-term average of -7.

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The confidence indicator for service companies fell by three points a month from -7 points. Its long-term average is +12.

Retail confidence remained unchanged at -1 in March. The reading is also the long-term average of the indicator.

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